Fewer ve­hi­cles reg­is­tered in Nov

Hindustan Times ST (Mumbai) - Live - - FRONT PAGE - Kailash Korde

MUM­BAI: The Cen­tre’s move to scrap old notes of Rs500 and Rs1,000 and the cash crunch that fol­lowed has in one month achieved what the state has been try­ing to for years — bring down sales of cars and two-wheel­ers and re­duce con­ges­tion and pol­lu­tion in the long-run.

The shock an­nounce­ment trig­gered frenzy among In­di­ans as the high-value ban­knotes that were dis­con­tin­ued made up 86% of the cur­rency in cir­cu­la­tion.

T he pa nic was ev­i­den t in, among other things, the num­ber of Mum­bai­ites who bought and reg­is­tered ve­hi­cles in the month that fol- lowed. Data for Novem­ber from Mum­bai’s four Regional Trans­port Of­fices (RTOs) show 1,902 fewer cars and bikes were reg­is­tered com­pared to the same month in 2015.

In Novem­ber 2016, Mum­bai’s RTOs reg­is­tered 17,724 ve­hi­cles —4,334 four-wheeler (cars, jeeps and SUVs) and 13,390 twowheel­ers (mo­tor cy­cles, mopeds and scoot­ers). RTO sources said a few days after the an­nounce­ment, ve­hi­cle reg­is­tra­tion started de­clin­ing.

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